Have You Checked Your Blind Spots Recently?
| | |

Have You Checked Your Blind Spots Recently?

We’ve all had the experience of driving down the road and trying to change lanes, only to realize just in time that there was a car in your blind spot. Or maybe you didn’t realize in time and the day ended much more disastrous than expected. Keeping an eye on our blind spots and checking for things we…

3 Things You Need to Know to Potentially Lower Your Tax Liability
| |

3 Things You Need to Know to Potentially Lower Your Tax Liability

I have several clients that either work in or support the construction industry. This is one industry that has taken off post-Covid and there doesn’t seem to be any slowdown in sight. More revenue means more taxes and several of these clients are looking at their taxable income and how they might be able to…

The Devil is in the Details…of Accounting
| | |

The Devil is in the Details…of Accounting

As a business owner, we sometimes don’t know what we should be paying attention to in our financials. It becomes even more frustrating when our accounting is not tracked properly and we’re not sure whether the decisions we’re making are helping or hurting.   One of the biggest weaknesses in a growing business is accounting. Accounting is…

When Is It Time To Hire a Controller?
| | |

When Is It Time To Hire a Controller?

It’s no secret that every business owner wants to make more money and maximize profits. The problem is they don’t know how to manage the finances of their business which leaves them confused and frustrated, not knowing which levers to pull to drive success. They may make decisions to make more money, but they’re not sure…

Breathe Easier with a Cash Budget
| | | |

Breathe Easier with a Cash Budget

Cash is like oxygen to a business owner. It’s necessary. The struggle comes when business owners get confused and frustrated trying to manage the cash flow of their business. It shouldn’t be so hard to predict cash collections and then match expenses against that. But when growth happens, receivables go up and cash goes down because revenue lags…

Is Your Leverage Creeping Up on You?
| |

Is Your Leverage Creeping Up on You?

We’ve been talking about how running a business is like baking or cooking.  You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.  Every business owner wants a business that’s perfectly “cooked”, with lots of cash flow and profits and collecting receivables well. If you…

How to Stop Leaking Cash
| |

How to Stop Leaking Cash

We’ve been discussing how running your business is like following a recipe. You need the right ingredients in the right amounts in order for the dish to come out correctly. We’ve talked about profitability, which is a measure of profit relative to revenue. And we’ve also talked about activity, collecting your accounts receivable and turning inventory. The third ingredient…

How Good Are You at Collecting Money?
| | |

How Good Are You at Collecting Money?

We’ve been talking about how running a business is like baking or cooking. You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.    Every business owner wants a business that’s “cooked” just right, with lots of cash flow and profits. You can read about the…

Profitability: Do You Know How to Get it?
| | |

Profitability: Do You Know How to Get it?

Have you ever cooked something that just didn’t turn out right? Either you missed an ingredient or put in the wrong proportions. You cooked it too long or not long enough. I recall recently that I was trying to grill some really thick steaks. Two were supposed to be medium rare and two were supposed to be…

End of content

End of content